NMLS# 2046633
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Equal Housing Lender
Licensed CO · FL · TX · WY
Home/Loan Types/Conventional Home Loans

Conventional Home Loans

The most widely used mortgage in America — flexible, competitive, and available for primary homes, vacation properties, and investments with as little as 3% down.

Most Popular Down Payment from 3% No PMI at 20% Down
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Loan Type
Conventional
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Min. Down Payment
3%
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Min. Credit Score
620+
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Loan Terms
10–30 Year Fixed

Conventional Home Loans

Conventional loans are the gold standard of home financing — offered by private lenders and backed by Fannie Mae or Freddie Mac guidelines. They offer some of the most competitive rates available when paired with strong credit, and they're flexible enough to work for first-time buyers, move-up buyers, investors, and everyone in between.

Key Requirements

Min. Down Payment
3% – 20%+
As low as 3% for qualifying borrowers. 20% down eliminates PMI entirely.
Credit Score
620+ (740+ for best rates)
Good credit unlocks the lowest rates. We'll help you optimize before applying.
Loan Limit
Up to $832,750 (most counties)
Exceeding the limit? Ask us about jumbo loan options.
Debt-to-Income
Typically up to 45%
We work with borrowers across a range of DTI ratios and income types.

Benefits

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    Competitive interest rates — Often lower than FHA for borrowers with good credit — saving thousands over the life of the loan.
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    No PMI at 20% down — Avoid private mortgage insurance entirely and reduce your monthly payment significantly.
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    Flexible property types — Available for primary residences, second homes, and investment properties.
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    Cancellable PMI — Put less than 20% down? PMI cancels automatically at 20% equity — unlike FHA's lifetime MIP.
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    Multiple term options — Choose 10, 15, 20, or 30-year fixed to balance monthly payment vs. total interest paid.

Primary Residences, Second Homes & Investment Properties

One of the biggest advantages of conventional loans is their flexibility. Unlike FHA loans, which are limited to primary residences, conventional financing works for second homes and investment properties — making it essential at every stage of your real estate journey.

Understanding PMI

If you put less than 20% down, you'll pay Private Mortgage Insurance (PMI) — typically 0.5%–1.5% of the loan balance annually. The key advantage over FHA: PMI cancels automatically once you reach 20% equity, while FHA mortgage insurance often lasts for the life of the loan. Our team will help you model exactly when that happens.

Frequently Asked Questions

Conventional loans are not government-backed, so they carry stricter credit requirements but often lower costs for borrowers with good credit. FHA loans are insured by the federal government, accept lower credit scores, but require upfront and annual mortgage insurance regardless of down payment.

Yes. Conventional loans allow purchase of single-family rentals, duplexes, triplexes, and four-plexes. Down payment requirements for investment properties are typically 15–25%.

For most Colorado counties, the 2026 baseline conforming limit is $832,750. Loan amounts above the limit require a jumbo loan. Our team will advise you on any high-cost county exceptions.

Some conventional programs allow as little as 3% down for first-time buyers or for buyers who haven't owned a home in the past 3 years. Income limits and other restrictions may apply. Our team will identify what you qualify for.

From application to closing

1

Apply Online

Complete our secure 5-minute digital application at no cost or obligation.

2

Team Review

Our team analyzes your situation and recommends the ideal program, term, and rate strategy.

3

Pre-Approval

Receive a credible pre-approval letter — often within 24 hours — that makes your offer stand out.

4

Close & Move In

We guide you to the closing table in 21–30 days with zero surprises. Then celebrate.

Your conventional loan starts here.

Get pre-approved in as little as 24 hours. Our team will match you with the right term, rate, and structure for your financial goals — at no cost and no obligation.